5.6_bzca5e - Section 5.6 Linear Programming Objective...

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Section 5.6 Linear Programming
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Objective Functions in Linear Programming
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We will look at the important application of systems of linear inequalities. Such systems arise in linear programming, a method for solving problems in which a particular quantity that must be maximized or minimized is limited by other factors. Linear programming is one of the most widely used tools in management science. It helps businesses allocate resources to manufacture products in a way that will maximize profits. An objective function is an algebraic expression in two or more variables describing a quantity that must be maximized or minimized.
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Example An adjunct college professor makes $12 an hour tutoring at a local tutoring center, and $24 an hour teaching at the local communicty college. Write an objective function that describes total weekly earnings if hours worked tutoring is x and hours worked teaching is y.
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Example A company manufactures kayaks and canoes. If the company's profits are $200 on the kayaks and $150 on canoes, write the objective equation for the profit, z, made on x kayaks and y canoes that can be produced in one month.
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Programming
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This document was uploaded on 10/26/2011 for the course FKP bmfp at UTEM Chile.

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5.6_bzca5e - Section 5.6 Linear Programming Objective...

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